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for two minutes. ms. castor: democrats and republicans agree that deficit reduction is important. in fact, over the past year and a half we have achieved over $2.7 trillion in debt reduction. now the republicans want to take us through a charade with this tea party budget. if enacted, the republican budget would weaken america's recovery. it would undermine what makes america great and what makes america strong. like education, the ability of students to attend college, medical research and inthe noah vation, the about of -- ability of our older neighbors to live their lives in dignity in their retirement years through medicare and long-term care. now we get a lot of advice and economists across the board, in fact, our own congressional budget office, advise that the best and fastest way to reduce the deficit to is to make sure people across america have jobs and are working. it is inexplicable that the republican budget proposes to eliminate jobs in construction, in education, scientific research, and instead heaps the burden on middle class families. experts predict the republican budge
2011 budget specifically targeted federal grants for first responders as a way of cutting the deficit. >> he's taking advantage of a sad fact in this country. if you live in illinois in a part of chicago that is fluent, even the gun violence taking place in chicago, in your very city, doesn't impact you. so you may not think that urban crime is a reason to change gun control laws, because it doesn't affect you personally. you can literally live away from where people are kill and not have gun violence affect you. and gun control laws wouldn't get at that crime. maybe the trafficking piece, it's a much more complicated issue. wayne lapierre is taking advantage of that. to your point, it's not as if congress is trying to do anything about that. not trying to do the things they could do about urban crime. >> mental health, a lot of that is aided by the affordable care act. and governor, joy makes a good point. if you look at support for stricter gun laws among african-americans, 78% of them support stronger controls, compared with 48% of caucasians, support for stricter gun laws among ur
nation that does not -- is not riddled with debt and deficit, but also a nation that continues to be the economic leader in the world. and i believe our plan makes -- protects those investments in those key components of growth. and i hope over the coming hours that we will go through this debate and -- and i know we'll have a spirited period of a lot of amendments. this -- this budget i believe will pass and it will have to then find agreement with our colleagues in the house. and i just want to again commend both the chair and, for that matter, the ranking member. at the end of the day, we have to find common agreement to get this done. this issue that hovers all over of our other debates has become a metaphor as to whether our institutions can if you please in the 2 1*9 century. so just as the chair and rank member found agreement through a markup process where both sides were heard and amendments were offered and debated in a fair and open process, i want to both thank the chair and rank member for their commitment. they have different idead about how we get there, but at t
and better jobs for the american people. after all the budgets that never balance and record deficits, job creation, we would be coming off the four best years in modmodern american history, because we had four $1 trillion deficits in a row. another that will, quote, only be $850 billion this year. that's yielded us less than 2% growth a year. we all know if we took the number of americans that have left the work force and recalculated unemployment rate, it wouldn't be 7.8%, it would be about 10.5%. the path that my friends on the other side recommend doesn't work. and the balance in both the r.s.c. budget and ryan budget are much more promising course. they achieve that balance by not raising taxes, while not raising taxes. i think that's very important, too. we certainly aren't undertaxed in this country. my friends on the other side clearly believe that we are. they are going to offer multiple tax increases in all their budgets. i like the budget that does not require tax increases. finally, both these budgets, the republican study committee budget and the republican budget, come to gri
, there is a budget, and it is well-done. and it has strong deficit reduction and strong investments. it's balanced in a way that the ryan plan is not. it saves medicare where he destroys it. it invests in education and infrastructure, where he destroys that. his budget budget is a wrecking. our budget, you should the able leadership of senator murray, is a path of -- an optimistic path to our future, not a pessimistic, painful plan that mr. ryan has put forward in the name of the republican parliamentarparty.now, you are a filibuster, and it is possible that we could end it, but i will tell you this: we are trying for some friendship and comity across the aisle right now. we want to keep the government open. okay, so the senator from kansas stood here last night and said, the reason he is filibustering -- he never used that word, but the reason he is insisting that we spend 30 more hours, 40 more hours, 50 more hours on this, last year's business, which is last year' year's appropriation, is because he demands to have a vote on his amendment that he feels very strongly about. and it has to do with
a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the weeks ahead? well, we will make the case for our priorities. whet
deficits with no end in sight doesn't lead to prosperity, doesn't lead to growth. it leads to financial ruin. i'm also the father of four great kids, two in college and two in high school. they know that as a family they have to plan ahead for the future. we need to create a budget and then live within our means. these are the same principles that my parents past down to me. -- passed down to me. these are the values that montana's families live by each and every day. those values are exemplified in montana's own state legislature. we're the only constitutionally -- where the only constitutionally required duletty is passing a budget. in -- duty is passing a budget. in fact, when they adjourn in a little over a montana, they will have given montana a balanced budget, just like they did last year and the year before and the year before that. it seems simple -- live within your means, spend no more than you take in, but it's not so easy here in washington. right now we are presented with two very different visions for our country, two visions that will lead to two very different outcomes
deficit by almost $6 trillion in 10 years. reduce ay budget would little under $2 trillion in 10 years. >> what other groups are offering their own budget plan docks water they likely to focus on? >> -- who will be issuing their own budget plans? budget will be similar to patty murray's budget in the senate. increases,ave tax but neither would balance the budget in 10 years. also the congressional black caucus and the congressional progressive caucus will be introducing budget. it's possible a ryan version could be introduced in the senate. >> what is likely to happen in the senate this week? >> it will be democrats making the case for the patty murray budget. convince someto democratic senators who may not support that budget. they will have to sell it to democratic senators as well as republicans. no republicans are likely to vote for the budget. they will be calling for more spending cuts, no tax increases, balancing the budget sooner. >> republicans say this to be the first time in four years they have agreed to put forward a plan. why is this your difference? are a number of diffe
reduce unemployment to nearly five -- two near 5% and three years. it would reduce the deficit by $4.4 trillion over 10 years. and it would strengthen medicare and medicaid amah and you'd be asking the wealthy to pay their fair share. -- medicare and medicaid and you would be asking the wealthy to pay their fair share. guest: the institute of policy analysis estimated that you are spending money on infrastructure. we have a to point to dollar trillion infrastructure deficit, according to the transportation -- american society of civil engineers. building roads, highways, bridges, etc. you put people to work building schools and other necessary things. you give money to the states. the states have laid off 700,000 cops, firefighters, and teachers. you give money to states for couple years to rehire them. those kinds of things add up. by doing all this, you stimulate the economy. that means the private sector generates more jobs. it comes to about 7 million altogether. host: what do you consider fair share when it comes to wealthy taxpayers? guest: we propose two different things. numb
and bennett, the head of this new party on the right. it's unclear to me, i think you have a knowledge deficit that you didn't have the last time around. when you had someone with barak's experience, begin's experience, all these guys are gone. and the question is, does that mean the wheels, the brakes have come off the train? and that now it's more of a runaway car? or are you saying, no, not at all. livni might be there, and there'll be people who might not have the same amount of years of experience, but are maybe counterpoints to some of the other forces. so what's unclear to me yet is to what extent that forum that netanyahu relied upon, how central is that going to be? what is going to mean the loss of that knowledge, that deficit of experience? but i do think for the key factor, he definitely sees that his goal is that israel just be a normal western country, that the middle class have a better quality of life. sounds very familiar to people here. but he has said that the road to that is dealing with palestinian issue. not dividing jerusalem, but everything else. we've got to work this
decade. and $100 billion in stimulus spending. and would do little to cut spending or the deficit. four democrats mark pryor of arkansas, kay haigen of north carolina, mark baggich of alaska and max bachus of montana all up for reelection in november joined senate republicans who voted against it. even though the margin was close senate leaders were praising colleagues for a job well done. >> i know everyone is exhausted. and you may not feel it at the moment but this is one of the senate's finest days in recent years and i commend everyone who has participated in this extraordinary debate. >> first of all, over the last two decades the average budget resolution considered 78 amendments. we have done 101. average vote 37 amendments we have done twice as many. doing this has been herculean feat. >> harris: next the senate must reconcile the budget with a plan passed by republicans. now, context showing how differently the plans would deal with the economy. the senate plan calls for $46.5 trillion in spending, nearly $5 trillion more than the house plan and more revenue an additional $1 b
. we shouldn't run a deficit at least one that is as large now. i think it's precarious and for the senators, democratic senators running for reelection in red states. that is why you saw four democratic senators they are all representing states that barack obama lost. >> gregg: speaking of debt and deficits, president obama said recently the debt is not an immediate problem, but by huge margins, americans disagree. 68% of them disagree with the president on that. they also think he is wrong with b something else. spending. this is a fox news poll. they think his top priority should be cutting spending to reduce the deficit, not spend more, taxpayer dollars to create jobs. is that why president obama seemed to have dropped the campaign for spending realize he is pushing his job ratings down and in the process driving away potential voters? >> i think there has been a sense over the last month or so, as you point out poll numbers have gone down. white house is not going to make a big campaigns go across the country asking for tax increases but that is also because they ar
and millions of americans who say that the economy is the main issue. second to the economy is the deficit. it goats back to the fundamental issue of moderation. this is the achilles' heel for the republican party. everything is just black and white. whereas most folks, most americans in the middle believe in moderation. whether we do our own taxes or finances, we sit down and figure out, how do we cut a little here, save alternates there, increase revenue? so the problem with the republican party is they're out of step how most of us work on a day-to-day basis. that's something that the president has been so good at reflecting in his bigger vision of deficit reduction and the economy as a bigger issue. >>> clarence, you still here boehner say no new ref, though the american people are saying new revenue. they're saying we don't have an immediate crisis, but we need immediate cuts. why are we cutting head start and other things immediately if there's no immediate problem. a new republican leaning poll, a republican-leaning poll says just 16% of americans said the deficit and the debt with
and deficit. i voted against the solution for the fiscal cliff because the headlines would say the fiscal cliff is avoided, and there were three elements. we did not avoid any of them. we raise taxes on every american. we put sequestration down the road and we did zero on deficit problems. we are facing total economic chaos if we are not careful. host: republican caller. pennsylvania. caller: in response to the fiscal cliff, i find him very -- i do not know, i do not believe what he is saying. he is talking about a fiscal cliff, but you want us to accept the people here illegally and give them something they have not earned. i do not understand what republicans are doing. i am a conservative. i do not want amnesty. i do not want them here. host: you might have missed what the congressman said earlier. i will let him respond. guest: what she is saying is she does not want amnesty, and under president bush he had a strong amnesty plan and i said i would not back it. total amnesty like the one president reagan did will cause a lot of problems here and i think we need the workers. obviously,
-point deficit and it tied the game at 69. under two minutes left. clie born drives and makes the bucket. they call the offensive foul. questionable call by the officials. iowa state cannot believe it. instead of a four-point lead it is tied at 75. and then .20 of a second left. the three and are you kidding me? ohio state is on to the sweet 16 for a school record fourth straight year. they will face arizona. second seed miami and illinois. the illini taking advantage of the lack of defense. right to the hoop and late in the game and tied at 52. one hand and jam. it is easy for the illini. down one and a minute left and larkin with the step back three. got it. miami to the sweet 16. they will face market. 63-59 the final. don't see a 12 and 13-seed very often. 6 seconds left and tied at 74. garland banks it in and la salle up 2. ole miss inbounds the ball and from half court for the win and no way. la salle moving on to the sweet 16 for the first time since 1955. 76-74 the final. we will take a brief timeout before we check in on the stanford women. and the good old boys of nascar can't
the reason why there isn't any wiggle room, because one, cutting the deficit, democrats propose cutting it $1.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline f
trillion in debt. we have deficits we can't even wrap our arms around, and they want more of your money. if you were a financial advisor that put you $1 million in debt and ripped through your college savings for your children and all of your checking account and said, just give me more money and we'll solve the problem, would you do it? absolutely not. more than jobs, though, we are also working to save medicare and social security, the commitments that we have made to the american people. so let's take a look here at the big picture. here's a budget breakdown of where we are at right now. look, your eyes are glazed over and we start talking about the trillions of dollars that we spend, but let's take a look at what you pay versus what you expect. this big blue part right here? that's on auto pilot. no adults have come to the table to talk about where we are at today and how to actually save your social security and medicare and medicaid in this big blue part. we are doing that today. house republicans in balancing the budget. but this is what you expect from the federal government. yo
. >> let me quote dick cheney, who said ronald reagan taught us that deficits do not matter. dick cheney was wrong. he was wrong then and now. of course deficits matter, but any one of you who supported the bush plans has no right to speak. i helped bill clinton balance the budget and build a surplus. why? because we had good economic times. in good economic times, you pay down the deficit, but reagan and bush did not, and in bad you have to stimulate in the near term, as thank god president obama is doing. we democrats will balance the budget once again. >> paul, which is more important to america's pursuit of happiness -- which is more dangerous, excuse me, than a 357 magnum -- >> in my home you would find 17 guns and no cans of soda pop. i have the right wing position on the giant drink soda thing. i do not like the idea, and i think bloomberg is a fine man, but i do not like government telling us what size to buy today. this one, i am with tucker and most of you. i have the right wing position on gun safety. i have the same position as ronald reagan, who was for a waiting period befo
deficit. for students in detroit problems with the education system are being magnified by that community's economic troubles. if you look statewide a quarter of michigan children under 17 were living in poverty in 2011. compare that to detroit where the number is more than twice that much. it is 57%, folks. nearly two in three detroit children 5 and under are below the poverty line. msnbc's correspondent joins us live from detroit where she'll cohost a summit on education today and a student town hall tomorrow. those numbers are frightening and daunting. >> they really are startling numbers. i've got my notebook with me because i'm going to school today, chris. it has a lot of people worried and concerned and working to change the dynamics of those numbers. that's what we'll be talking about here. many people are also concerned about the fact, the elephant in the room we can't dismiss that come monday the city of detroit will be under the auspices of an emergency financial manager. people should also know for the past four years detroit schools have been under emergency management and in
. it never balances. never comes close to balancing. it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for the last six months. four americans died in the assault on the u.s. consulate including our ambassador chris stevens. senator susan collins says she wants some simple questions answered. quote, are any of the suspects believed to be responsible for the deaths of these four americans including ambassador stevens in u.s. or libyan custody? how many suspects in the attacks are still at large? a few other questions after that. virginia republican congressman frank wolf has been fighting for answers in benghazi. he is our guest now. sir, good morning,
overcame a 27-point deficit. and heat streaked by the cavs. in that process, notching the 24th straight win in their belt. >>> in the first-round of the ncaa tournament number 2, 16 seed and james madison university won to advance to the second round which starts tomorrow with 16 games. they will play top seed indiana friday. good luck in that. >>> then to number 13 seeds lasalle defeated boise state. they advance to the second round to face kansas state. >>> president obama, by the way, he filled out his ncaa brackets. and he predicted that number one louisville will make it to final four. he also chose ohio state, florida and indiana to win it all. >>> nfl chicago bears could not agree on a new contract for eight time pro bowl linebacker brian urlacher so he becomes a free agent after 13 years. and ed reed left the super bowl champ baltimore ravens after 11 seasons and signed with the houston texans. >>> tiger woods says he and lindsay vonn went public about their relationship so the paparazzi couldn't make as much money from pictures they took of the couple. >> it's real simple. we're ha
budget plan reduces the deficit without raising taxes. >> the republican plan is the same baby with a new diaper. >> we know tt until recentl president obama and israeli prime minister netanyahu enjoyed what can be politely described as a somewhat strained relationship. on april 7 of last year, the "new york times" reported benjamin netanyahu and mitt romney enjoyed a warm relationship. almost one year later, the israelis have given obama a medal. they appear to be on the same page on iran. >> diplomacy and sanctions have not stopped iran's nuclear programs. diplomacy and sanctions must be augmented by a clear and credible threat of military action. >> we will do what is necessary to prevent iran from getting the world's worst weapons. >> will this story have a happy ending? >> this story will not have a happy ending. what we saw this week was barack obama at his best, connecting with an audience, and he made a compelling case for the need for a two-state solution, the security of israel and the well- being of the region. >> charles? >> the emphasis has been on personality. what happened
. >> men's tournament, ohio state and iowa state. cyclones overcame a 13-point second half deficit. lucious ties the game. under 2:00 left. cyclones up one. similar play. clyburn makes the basket. call a foul. questionable call. now it's tied. buckeye aaron craft, for three, .02 remaining on the clock. are you kidding me? ohio state on to the sweet 16 to face arizona, 78-75 your final. >> number one indiana and temple. the only owl to show up. 31 of his team's 52. temple led by three until will sheehey ties. temple looked to regain the lead, but denied. 18 seconds left. indiana up one. oladipo ices it from downtown and the hoosiers move on, 58-52. >> cactus league action, as and dodgers. a's have six players vying for two infield spots, short and second base. former stanford stars make something noise, making it tough on bob melvin's final decision for starting infield. a future a right here. the afor mentioned stanford star, jed loughery, trying for one of this spats. griffin aloud two runs, struck out eight. a's explode with five in the third, capped off by a two-run bomb from norris, his
, is that right? >> the sun could disappear and the rain fall deficit if we get the much-needed rain tomorrow and wednesday. our deficit is 3.5" to.5" in santa rosa. rain would be nice and so would the sierra snow. we will get some out of the system. today we are off to a cooler start. temperatures are in the upper 30's to mid-40's so dress accordingly and it is cooler this morning. headed toward noon, up to 60 inland with high clouds rolling law and by 4:00 we will call it partly sunny and 50's at the coast and mid-to-upper 50's for the rest of us and low 60's holding on, inland. tomorrow, the better part of the day it will be dry with light rain breaking out later in the afternoon in the early evening hours and overnight we have our best chance of rain through wednesday morning and lingering showers wednesday afternoon and breezy and brighter. you will notice the warming trend by thursday. sue? >> happy monday, everyone, we will go to the bay bridge with just a couple of stars -- cars stacked up and no metering lights and slowing on the upper deck moving into san francisco. in pleasanten we
, second seed ohio state and 10th seed iowa state. the 13-point deficit and it tied the game at 69. under two minutes left. clie born drives and makes the bucket. they call the offensive foul. questionable call by the officials. iowa state cannot believe it. instead of a four-point lead it is tied at 75. and then .20 of a second left. the three and are you kidding me? ohio state is on to the sweet 16 for a school record fourth straight year. they will face arizona. second seed miami and illinois. the illini taking advantage of the lack of defense. right to the hoop and late in the game and tied at 52. one hand and jam. it is easy for the illini. down one and a minute left and larkin with the step back three. got it. miami to the sweet 16. they will face market. 63-59 the final. don't see a 12 and 13-seed very often. 6 seconds left and tied at 74. garland banks it in and la salle up 2. ole miss inbounds the ball and from half court for the win and no way. la salle moving on to the sweet 16 for the first time since 1955. 76-74 the final. we will take a brief timeout before we check in on th
dollar deficits, no growth, which is true, and we keep having these states with higher taxes and destroying output, it could happen here. it terrifies me. >> what would trigger it would be sharply higher interest rates when people -- in order to buy our debt. not talking about just a few points here but dramatically higher interest rates where it's impossible for us to pay our entire debt load. then becomes a point where we reach financial collapse. >> neil: when people don't trust their financial institution. but when it's your bank bank, your passbook savings account, that is called into question, that galvanizes. then what? >> here's the thing, neil. that almost happened in the past and i think hank paulsen and bernanke and the leadership -- recappallizing the banks was the way to go. in these countries, the banking system is the government. they're so intertwined. we're not there but we're getting there. and remember, once the government -- once they're questions about the sovereign -- sanctity of the dollar, everything falls because our banking system is aligned with our
is not in there. too much deficit reduction, 16%. slow job growth, 12%. too little deficit reduction, 10%. guys, these are more normal problems, i would say, than we've had in the past. the european financial crisis, u.s. financial crisis. sue, i would take a victory, yes, there are problems out there. >> i totally agree with you. it's the first time in a long time we haven't seen europe on a list like that. >> thank you, steve. >> absolutely. thanks, steve. >> sure. >> the markets here are a little lower, not all that much, though, given what we've had in headline risk this morning. dow jones industrial is down 38 points and s&p is off about 9. bob pisani is here to tell us what is going on. there's a lot of headline risk in the market today. >> and we're back moving on europe now. >> exactly. given 38 to the downside is not that bad. >> even europe is not reacting that much. let me show you the euro. everyone goes crazy talking about the euro. perhaps the finance minister may be resigning, we're trying to confirm that for sure. that's what we've been hearing. and on words that the governing b
, taxes, spending and deficits. and the notion that they're going to somehow come together, there's really no, no, i guess, carrot for them to go after here. >> and then they go home for two weeks. >> sure. >> and the question is are they going to hear anything from their constituents that's going to move anybody. i don't know. >> i think that they're not. and the best chance that they had to potentially hear about it was with the potential for a government shutdown, which has now been averted. so again, back to this new pace rhine of these big debates over real issues that are kind of going nowhere. and a new baseline that incidentally it's interesting because their stopgap spending bill that was passed yesterday did mark something of a breakthrough in that the appropriators in the house and the senate, the bipartisan leaderships thereof were able to come together and come up with a spending plan that keeps the government solvent and keeps it operating. and so i think that now we are going to see the appropriators get, you know, being able to get together hopefully and work out these, you
, immigration and guns and what to do about the deficit. >> don't forget two other prominent spokes people, the president and vice president. they care a lot about it and have been quiet of late. i expect to see a big push between of two of them before the vote. >> the lack of courage in the united states is asstountounast. >> it's amazing. >> no one is coming to take your gun. no one is coming to take your gun. >> it's amazing. it's amazing. when you look at the fact that we are talking about a simple thing like background checks. people are dying every day. a baby killed in -- >> in pennsylvania. >> in brunswick, georgia. we are arguing about background checks is almost ununbelievable. surreal. >> background checks have 90% of support among the american people last check. >>> senator bob casey of pennsylvania will join us on the set coming up and leigh gallagher and representative rick mulvaney will weigh in. our good friend michael hainey will have a preview of the "gq" magazine. bill karins, what is up? >> schoolhouse are cancelled around baltimore and washington, d.c. a lot of delays.
? and also the idea that the federal government can't have a deficit, it's crazy. the republicans have somehow adopted this and sold the american people that the most important thing facing this congress and country is to balance the federal budget. no, it's not. how about creating jobs? how about repairing our infrastructure? repairing our bridges and our highways and sewage treatment plans and all of that? how about investing in new energy projects and new medical advances and a cure for cancer? that's a hell of a lot more important than balancing the freakin' budget. that's the first thing wrong with this ryan budget. the second thing is that the ryan budget destroys medicare. still does. we talked about it this is the same damn budget that they passed two years ago, that they passed last year. it would shut down medicare for anybody who is not already in it, cut benefits for those who are, but shut down medicare for anybody who is not in it and replace it with a voucher. a voucher that would not even come close to buying you health care from a private insuran
, you've heard about the fracking but further into that, i think that the trade deficit for the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to revenue enhancement. we coined our own pivot. per re, indsmeesh that, vietnam, oman and turkey. tracy: what worries you the most right now? >> europe. i'm very concerned that cyprus is not by itself a big deal but they keep changing the rules of the game and the financial system is very precarious right now in europe. the u.s. is fine. and i'm just wondering how long can europe, we're in the third, they're in the third recession in five years, how long can they not grow? all the debt forgiveness in t
you need to deal with it budgets and deficits and you need to keep growth going. here is what i saw over the weekend. recession in greece which is a actually a depression if you line it up against the u.s. great depression in 1929 it looks a lot a like in terms of how much unemployment there send a how much the economy was contracted. greece is having our great depression of the late 1920s. >> wow. >>> moving on to washington now. president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. he is at odds with other members of his party including house speaker john boehner who is ruling out the prospect of any new taxes. >> i think, by the way, there is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform would be glad to look at tax reform tha
on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so baner er isboehner is sayin. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an immediate debt crisis, then can you raise some questions. so for example, senator patty murray said let's get rid of the loopholes and deductions. now republicans say, sure, let's do that. instead of sending money to washington, let's make the child tax credit bigger. let's offer middle class tax relief. let's
, will result in 750,000 fewer jobs bn i end of the year. so we say let's tackle the deficit in a smart way, get people back to work and reduce it over a steady period over a period of time and our comes to balance at the same time that the republicans' budget from last year comes into balance. >> on the issue of revenue, i believe your budget has about $200 billion more in revenue than senator murray's budget in the senate. why did you put that in there considering that republicans are so adverse to any new revenue? >> the budget we have in our democratic proposal. if you take it even together with the revenue from the fiscal cliff agreement, is still less total revenue, luke, than was embedded in the bipartisan simpson-bowles agreement. so we have less revenue proposed by that bipartisan group. we couple it with targeted cuts and reforms over a period of time. and if you actually look at the totality of the budget changes we made over the last couple of years, including the $1.5 trillion, we have a higher ratio of cuts to revenue. considering all the revenue than sim spso simpson-bowles did. a
who are being affected by that. you know, the best way we can deal with our debt and deficit long term is to grow the economy and that's what this budget does. it recognizes we need to invest long term. we need to cut spending and it does that. it does not do that. >> we need to invest long term. >> senator, with all due respect and i month your point of view may i just add after $650 billion tax hike already this year you raising taxes at least another trillion, i don't know how that is pro growth. regarding the sequester, i can understand making some changes to the sequester with regard to the management of the subaccounts particular in the defense department but you're not doing that. you're spending most of that money. associated press reports often years there may be a couple hundred billion dollars of spending cuts but the sequester was 1.2 trillion. you are in effect raising spending and raises taxes are you not? >> the budget closes a lot of corporate loopholes where we've been paying for people who go overseas and create jobs rather than paying to create jobs here at home. i d
the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on all fronts. you've got republicans who daily are holding press conferences wringing their hands trying to figure out how to save their party. and you have a president who, again, he's a 47%, pretty damn good considering everything. but still, he wants to be over 50% and he wants a legacy. he doesn't want to just talk about what he did the first two years. >> i agree. i believe the prospects for progress on both immigration and gun control are gun regulation. if we get progress on the budget and the debt. i think immigration and gun regulations are easier to win. if the economy hobbles along and don't get me wrong,
-double as miami overcame a 27 point deficit and the heat squeaked by the cavs 98-95 and in the process upped their 24th straight win. >>> in the first round of the ncaa tournament, two number 16 seeds and james madison university beat liu brooklyn 68-55 to advance to the second round which starts tomorrow with 16 games. they'll play top seed indiana friday. >>> and then two number 13 seeds, will he sal debeated boise state. they advance to face kansas state. >>> president obama filled out his ncaa brackets. he predicted number one seed louisville will make it to the final fourment he also chose ohio state, florida gators and indiana, his choice to win it all, indiana. >>> indiana and the chicago bears could not agree on the new contract for brian urlacher so he becomes a free agent after 13 years and nine time pro bowl safety ed reed left the baltimore ravens after 11 seasons and signed with the houston texans. >>> golfer tiger woods says he and lindsey vaughn went public with their relationship so that paparazzi couldn't make as much money from any pictures they took of the couple. >> well,
dominated house in april to reconcile what are two plans in dealing with the deficit. senate version called kaults for spending $100 billion on infrastructure. house version calls for deep cuts in domestic spending to balance the budget by 2023. >> the california department of education is expanding it's list of recommended reading for kindergarten through 12th grade. that includes newly published works dealing with sexual identity issues. here is nannette miranda in sacramento. >>> as summer nears, educators want to keep kids reading. california department of education up updated the list of books that is to prepare students for college, klutd for the first time are winners of the stone wall book award that recognizes gay, lesbian, bisexual and transgender literature. >> it's good to teach kids that everyone is different and we can all be accepted who we are. i think it's great to see those books recommended. >> the books are recommended according to age from young kids activity books celebrating gay rights leader harvey milk to books like older kids like transgender teens and totally joe
they trust on spending issues. when asked how our budget deficit should be reduced, a large majority, 65% of people said by cutting spending. when asked to choose between the budgets proposed by each party, most people pick the one more in line with the republican proposal. cutting spending and not raising taxes. but when asked when each party was trusted more, people say that they trust the democrats more. go figure. let's get an amp explanation from charlie hearst, economists at the washington times. so you have this. people seem to like the republican approach. they just don't like the republican label with it. why is that? >> i think a large degree, republicans have been snakepit. largely because of what we have seen over the last couple of years. republicans talking to the media, which is something the democrats have focused on more than anything else. including the ideas that republicans have gone four. voters are far more in line with those ideas. but i would actually argue that republicans least realize that there is a problem here and there is a real disconnect between washingto
billion deficit. they don't want to get to where stock toeupbs righ stockton is right now so they are under this emergency pherg, state control. a lot of people have scheduled a protest today, are being called for to protest this move. what exactly wha will he be responsible for? >> slicing and dicing. cutting salaries of city employees. detroit already has a high crime rate. you don't want what happened to stockton, just like matt said they have per capita more murders in the city of chicago. how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all the authority they shr-fplt they've been trying and they can't do that. the
inning. there was a double home and rockies up 2-0. giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore this behind this disturbing new trend? and a business of a scoop from a pregnant duchess of cambridge. what she is saying today about the sex of her baby. we'll be right back. >>> good evening, everyone. i'm carolyn johnson. ama dates has the night off. in tonight's headlines, an emotional candlelight vigil in santa rosa for a 14-year-old boy kigic car tragic car racing accident. marcus johnson died yesterday when he was hit by a sprint car driven by his 17-year-old cousin at a marysville racetrack. >>> a motorcycle driver is dead in walnut creek following
but that's actually a little bit higher than what we were projecting earlier tonight. rainfall deficit it has been really dry. so far the national weather service is reporting the driest second dr driest start on record for the year for san francisco and san jose. look how far behind we are.so far for the season over 5 and a half inches is what we need in san francisco. to get us about a being to average. oakland 5 and a half inches. san jose close to 4 inches and we need more than 6 inches of rain in santa rosa to get to us where we should be for this time of year. much-needed moisture heading to the bay area. temperatures first thing in the morning in the 40's and you will see cloud cover around tomorrow afternoon. looking at temperatures ranging from the 60's to the 70's for most areas but half machine bay 59 degree degrees. see some sunny break in the south bay but not so much up to the north. clear lake rain first. here's accu-weather 7 day forecast and features rain. for the first day of spring. which is wednesday. windy thursday. certainly see the sun though and temp
? >> sure, i do. one problem with the baseline is it brings the deficit later on of the we looked at the budget and realized we could probably balance in five years. the problem is with the way the numbers work is it brings you back out of balance soon thereafter. what we wanted to do is have a credible plan that got us to balancing, got us into surplus. that's what our budget does. there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic growth in jobs in the future, but jobs in economic growth now and in the future. this republican budget is not balanced in ten years. >> brian: is he right? is it not in balance? >> no, it does balance in ten years. they're throwing
choose. keep the current cuts in place, or get the same amount of deficit reduction by eliminating or reducing provisions in the tax code that benefits specific corporations or wealth year taxpayers. you choose. >> bill: we will give you more choices to make when we come back here with congresswoman jan schakowsky. you choose. >> this is "the bill press show." [ music ] guys that do reverse mortgage commercials? those types are now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? >> chatting with you life on current.com/billpress. this is "the bill press show" live on your radio and current tv. >> >> bill: how about it 43 minutes after the hour? we are coming to you live from our nation's capitol, brought to you today by the national education associatio
the deficit, more stimulus and spending. we are in the funny process where we will wrap up 50 hours of debate and then start the unlimited amendment process. any issue you have heard your callers call in and complain --ut, we might see today drone strikes against u.s. citizens, taxes, repealing healthcare -- they might all come up, but it is adding to a nonbinding budget resolution, so it is interesting and it might give people clues. host: a headline in your sayscation, "the hill," the senate is poised to pass a budget. guest: i think democrats will control the process and get it passed. .hey have a small window they can afford five democrats to not vote for it and still pass it, and in that case you would need vice president joe biden to break the time. -- the thai. .- tie there is pent-up frustration on the republican side about no real budget debate over four years. once it is passed, a lot of people will feel better. democrats will say we passed a budget, republicans get to complain about the budget month but from there it is hard to see how the senate budget reconciles with the house bu
different plans for dealing with the deficit. the senate version calls for spending $100 billion on infrastructure to help create jobs. the house version calls for deep cuts in domestic spending to balance the budget by 2023. >>> the california department of education is expanding its list of recommended reading for kindergarten through twelve grade and it includes newly published works dealing with sexual identity issues. here's abc7 news capital correspondent nannette miranda in sacramento with the story. >>> as summer nears, educators want to keep kids reading. the california department of education just updated its list of more than 7,800 recommended books. meant to prepare students for college and the ever-changing world. included for the first time are winners of the stone wall book award which recognizes lesbian, gay, bi-sexual and transgender literature. >> it's good to teach kids that everyone is different and we are all people and we can all be accepted for who we are. i think it's great to see those books being recommended. >> the books are recommended according to age
vastly different plans for dealing with the deficit. the senate version calls for spending $100 billion on infrastructure to help create jobs. the house version calls for deep cuts in domestic spend to go balance the budget by 2023. >>> the california department of education is expanding its list of recommended reading for kindergarten through twelve grade and it includes newly published works dealing with sexual identity issues. here's abc7 news capital correspondent nannette miranda in sacramento with the story. >>> as summer nears, educators want to keep kids reading. the california department of education just updated its list of more than 7,800 recommended books. meant to prepare students for college and the ever-changing world. included for the first time are winners of the stonewall book award which recognizes lesbian, gay, bi-sexual and transgender literature. >> it's good to teach kids that everyone is different and we are all people and we can all be accepted for who we are. i think it's great to see those books being recommended. >> the books are recommended according to age.
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